LAN technology is accused of false revenue: share price hit
Source: Internet
Author: User
Sina Science and technology news Beijing time of February 7 morning, the research institute gravity Research in today's report to give the LAN-tech (Nasdaq:mont) "strongly sell" stock rating, and said that the LAN technology false revenue. Technology shares fell 3.76 U.S. dollars, down 17.73% to 17.45 dollars per share. Garvity Research in the report said that the LAN technology exaggerated its real financial performance, the company's real revenue is far lower than its earnings data. The report points out that the largest distributor of LAN Technology LQW Technology Co., Ltd. (LQW Marvell Company 2¥q) is a set up for the production of financial performance of shell companies. LAN technology is a factory in Shanghai, China (fabless), the main business focus on the set-top box chip market. Matchless)
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